Elrond

Virtual Machine Vulnerability

Estimated loss

$113.00M

VERDICT —UNRATED

Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.

▰ METHOD

Undisclosed

Root cause

Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.

Forensic narrative

The blockchain network Elrond is suspected of having a security breach, and hackers "obtained" nearly 1.65 million $EGLD "out of thin air" and sold it through the decentralized exchange Maiar. On June 8, Elrond founder and CEO Beniamin Mincu tweeted that the previous bug has been resolved, all funds and users are safe, and almost all stolen funds have been recovered. Attack method (per SlowMist): Virtual Machine Vulnerability. Reported loss: $ 113,000,000.

Primary source

https://elrond.com/blog/incident-and-recovery-report/ ↗

Sourced from

slowmist

Technical record